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Bitcoin

Bitcoin

New Bitcoin Trader Job Hits Wall Street

By , Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email

Wall Street traders tired of dealing with traditional securities now have another career option, as a San Francisco-based hedge fund has recently advertised a Bitcoin trader job.   

That's right, the Bitcoin Gordon Gekko may be right around the corner.

The ad, placed on Jan. 2, details the position of "Junior Bitcoin Execution Trader." The junior trader will "assist with Bitcoin execution, general fund operations, and reporting." Some of the position's responsibilities (taken right from the ad) include:

one more tantalizing glimpse of the cryptocurrency’s lucrative future…

Bitcoins

Ten Bitcoin Facts That Are Stranger Than Fiction

By , Associate Editor, Money Morning • @DavidGZeiler - • Print | Email

Just about everything that has to do with the digital currency Bitcoin is at least a little odd.

But there are some Bitcoin facts that are truly bizarre – things that could only happen in the universe of Bitcoin.

Bitcoin, which exists entirely in cyberspace, has attracted a lot of attention in recent months as the Bitcoin price has soared from less than $200 in September to more than $1,200 at the end of November. The world's leading "altcurrency" is trading for about $800 now.

It doesn't get much crazier than this...

What Is the Impact of Bitcoin on the U.S. Dollar?

By , Money Morning - • Print | Email

From December 2012 to December 2013, the price of Bitcoin has gone up an astronomical 9,100%. Any currency capable of that popularity and upswing begs the question, if people start using it en masse, what is the impact of Bitcoin on the U.S. dollar?

One thing is clear: Our government is concerned about the growing acceptance of this virtual currency…

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Bitcoin

Bitcoin's Five (Big) Advantages Over Gold

By , Defense + Tech Specialist, Money Morning • @Robinson_STI - • Print | Email

I strongly believe that everyone should own some physical gold. It's been the store of value, and the preferred method of asset protection for more than 5,000 years. It's irreplaceable.

But I also believe that every investor ought to own at least some of the new digital money known as bitcoin.

You see, most of the people buying bitcoin are interested in the explosive growth potential the new "currency" offers, as more and more retailers, CEOs, and governments embrace it.

But they're getting more than that.

Bitcoin comes with some unique wealth preservation properties, too. And while it will never replace the market's most popular hedge, it does have five distinct advantages over gold...

Bitcoin

The Seven Biggest Bitcoin Myths Debunked

By , Associate Editor, Money Morning • @DavidGZeiler - • Print | Email

Bitcoin has been in the news a lot lately, but few people – even those talking about it in the media – really have a solid grasp on this groundbreaking digital currency.

What most people do know about Bitcoin is its meteoric rise in value over the past couple of months. The price of Bitcoins trading on the Mt. Gox exchange rose from less than $100 at the end of July to more than $1,200 at the end of November.

We set the record straight...

Bitcoin

Who Accepts Bitcoin? You'd be Surprised...

By , Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email

Since last week when a $103,000 Tesla Model S was purchased at a Lamborghini dealership in Newport Beach, Calif., you may be wondering just who accepts Bitcoin for payment.

The fact is this virtual currency is becoming so accepted that seemingly everything can be bought with Bitcoin. And it's not just lavish items like the Tesla Model S (which equaled 91.4 Bitcoin at the time of sale).

Even now, you can use Bitcoin to make everyday purchases like these...

Investing in Bitcoin

Investing in Bitcoin Today: Why This Virtual Currency Became a "Global Rebellion"

By , Money Morning - • Print | Email

Why are people investing in bitcoin today, when it's trading around $1,000 (at this writing), even though it's been around since 2008, when it cost less than 10 cents?

The new, rapidly growing popularity of investing in bitcoin can be explained by the actions of one group: The U.S. Federal Reserve.  

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Bitcoin

Five Surprising Places That Accept Bitcoin

By , Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email

The list of places that accept Bitcoin has grown into the thousands – making it hard to believe just one year ago this virtual currency was more associated with criminals than consumers.

Initially considered by some to be a rogue electronic currency best suited for trading on the black market, Bitcoin has quickly become a legitimate payment option for retailers worldwide.

But you won't believe the things you can buy with Bitcoin now...

Trend Watch

Why Virtual Currency Is Here to Stay - Bitcoin or No Bitcoin

By , Associate Editor, Money Morning • @DavidGZeiler - • Print | Email

You'd better start getting used to the idea of virtual currency.

While the much talked about Bitcoin is the most prominent and widely used virtual currency, it is not the only one.

Bitcoin is not even the first, as the earliest digital currencies emerged as far back as the early 1990s (most of them are long gone).

other forms of money just aren't capable of this...

Top News

Federal Officials Give Bitcoin Market the Nod of Approval It Needed

By , Associate Editor, Money Morning • @DavidGZeiler - • Print | Email

Just a few kind words from a handful of federal officials about the positive aspects of the Bitcoin market Monday afternoon were all it took to send the digital currency rocketing from $675 to $900 in a matter of hours.

While Bitcoin prices settled back down into the $600s by Tuesday morning, the significance of the Bitcoin market's reaction should not be dismissed.

What was said at Monday's Congressional hearing before the Senate Homeland Security and Government Affairs Committee marked a turning point in how the U.S. government views Bitcoin.

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